DR Congo Economic Forecast

DR Congo Economic Outlook

October 19, 2021

The situation in the country has deteriorated in recent weeks. A new outbreak of the Ebola virus in September, close to the epicenter of the 2018–2020 Ebola epidemic, has come on top of mismanagement of the Covid-19 crisis: Reports have emerged of disappearing money amid opaque practices—only USD 6 million of the USD 363 million granted by the IMF in 2020 has been publicly accounted for—aggravating the already dire humanitarian crisis. Meanwhile, the state of siege in the east of the country was recently extended for the eighth time amid continued Islamist insurgence and armed attacks, despite the imposition of martial law since May. In other news, the government is in talks with Angola regarding a joint offshore oil field, but difficult negotiations will delay the project. At the same time, plans to open the rainforest to commercial logging are facing backlash from environmentalists.

DR Congo Economic Growth

Economic growth is forecast to pick up next year, amid the gradual lifting of domestic and foreign lockdowns. Upbeat commodity prices and firming mineral output should also support activity. That said, continued security issues, pandemic-related uncertainty and a slow vaccination drive cloud the outlook. FocusEconomics panelists see GDP growth at 4.5% in 2022, which is up 0.2 percentage points from last month’s forecast, and 4.8% in 2023.

DR Congo Economy Data

2015 2016 2017 2018 2019
Population (million)-  -  -  -  -  
GDP per capita (USD)-  -  -  -  -  
GDP (USD bn)-  -  -  -  -  
Economic Growth (GDP, annual variation in %)-  -  -  -  -  
Fiscal Balance (% of GDP)-  -  -  -  -  
Public Debt (% of GDP)-  -  -  -  -  
Inflation Rate (CPI, annual variation in %)-  -  -  -  -  
Policy Interest Rate (%)-  -  -  -  -  
Exchange Rate (vs USD)-  -  -  -  -  
Exchange Rate (vs USD, aop)-  -  -  -  -  
Current Account (% of GDP)-  -  -  -  -  
Current Account Balance (USD bn)-  -  -  -  -  
Trade Balance (USD billion)-  -  -  -  -  
Exports (USD billion)-  -  -  -  -  
Imports (USD billion)-  -  -  -  -  
Exports (annual variation in %)-  -  -  -  -  
Imports (annual variation in %)-  -  -  -  -  
International Reserves (USD)-  -  -  -  -  
External Debt (% of GDP)-  -  -  -  -  

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DR Congo Facts

Value Change Date
Exchange Rate1,687-0.78 %Jan 01
Stock Market0.60.0 %Jan 07

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